It’s Hard Being a Home Buyer in Seattle – Here are some tips!

May 17, 2018 by Leave a Comment

CNN recently published an article about a couple’s experience buying a home in Seattle. In a nutshell, their seventh offer was accepted with multiple offers well over the list price and they were able to close quickly without contingencies with a large earnest money deposit.

Home prices and lack of inventory (which I hope is starting to change) have created a highly competitive situation for those who want to buy a home in Seattle. Buying a home just about anywhere in the tri-county area these days is not for the feint of heart. [Read more…]

Filed Under: Refinance, Residential Purchase, Seattle Tagged With: , , , , , , ,

Delayed Financing: How Cash Buyers Can Access Equity After Paying Cash (Updated for 2026)

February 26, 2015 by 2 Comments

What is Delayed Financing Cash Out RefinanceEditors Note: This article on Delayed Financing has been updated for 2026.

Many homebuyers choose to pay cash to win a competitive offer or simplify the purchase process. But after closing, a common question comes up:

“Now that I own the home outright, how can I access some of that equity?”

That’s where delayed financing comes in.

Delayed financing allows buyers who purchased a home with cash to take out a mortgage shortly after closing — without waiting the typical 12-month seasoning period required for a cash-out refinance.

This strategy can be especially useful for buyers who want liquidity, flexibility, or the ability to reinvest funds after a cash purchase. [Read more…]

Filed Under: Investment Property, Refinance, Residential Purchase Tagged With: , , , ,

Refinancing after paying cash for your home

September 23, 2014 by Leave a Comment

MortgagePorterHourGlassHouseThe greater Seattle – Bellevue competitive housing markets have been experiencing a higher amount of buyers paying “all cash” for homes. Refinancing after you’ve paid cash for a home is also referred to as “delayed financing”. Delayed financing may also take place when a person is buying a foreclosed home at auction at the court house. Historically, “all-cash” buyers who want to refinance after closing to re-coup the cash they used to purchase their homes had to wait six months after the purchase before they can do a “cash-out” refi. Now, home buyers who used “all-cash” to buy their home no longer have to wait months to refinance to get their cash back.

[Read more…]

Filed Under: Fannie, Freddie and FHFA, Refinance Tagged With: , ,